Dollar outflow jumps 112pc in five months
Amid improvements in foreign exchange reserves, Pakistan has eased the outflow of profits and dividends, which surged by 112 per cent in the first five months of the current fiscal year (FY25). The latest data released by the State Bank on Wednesday showed that the profits outflow during July-November FY25 amounted to $1.129 billion, compared to $532 million during the same period of the previous fiscal year. The change comes with the improvement in the foreign exchange reserves of the State Bank, which have surpassed $12bn and are expected to reach $13bn by the end of FY25. In FY24, the State Bank restricted the outflow of profits on foreign investments, drawing attention from the IMF. The Fund criticised this policy and insisted on ensuring the outflow of profits on foreign investments. The easing of restrictions began with the start of the current fiscal year.